Litecoin LTC/USD are trading at 31.48 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $2 009 255 185. Moving averages indicate the presence of a flat trend for Litecoin. At the moment, we should expect an attempt to test the resistance level near the 32.15 area. Where can we again expect a rebound and continuation of the fall of the Litecoin course with the target below the level of 29.05.
Litecoin Forecast and LTC/USD Analysis February 8, 2019
In favor of lowering the LTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. As well as a rebound from the upper boundary of the descending channel. Cancellation of the fall option will be a strong growth and the breakdown of the 33.05 area. This will indicate a breakdown of resistance and continued growth of the cryptocurrency rate. With the breakdown of the support area and closing of quotes below the level of 30.55, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis February 8, 2019 involves an attempt to test the resistance area near the level of 32.15. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 29.05. An additional signal in favor of Litecoin’s fall is a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the 33.05 area. This will indicate the continued growth of cryptocurrency.
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